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Unique Selling Point:
Lili’s tax tools are specifically aimed at freelancers – with integrated expense management and categorization, automatic income withholding and the ability to easily generate expense reports.

Who is this app for:
If you’re a freelancer or side-hustler and you’re looking for a digital-first bank account built for your needs then Lili may be for you. Freelancers can open a Lili account completely online in just 3 minutes – one that comes with no minimum balance and no hidden fees. With the expense management features in the Lili app, you can easily sort and categorize your expenses on the go, so you can maximize your deductions without having to worry about piles of receipts. With Lili’s Tax “buckets” you can automatically set aside funds to cover your tax bill at the end of the year. Lili’s tax estimation tool will help you determine how much you should save, and can put away the correct percentage of your income into your Tax Bucket. Lili also has an emergency bucket allowing you to set money aside for any unexpected expenses. Lili can also easily generate yearly or quarterly expense reports, helping you save time, and spend less time on spreadsheets. If you’re looking a digital banking solution for your freelancing or side-hustle business, and you want a no-fee, easy-to-use, time-saving solution, the Lili may be for you.

Bonus points:
– With Lili, you can freeze and unfreeze your debit card from the app – giving you increased security in case your card is lost or stolen.

Feature Checklist

Features
Details
Routing Number
Yes
Direct Deposit
Yes
Debit Card
Yes
FDIC Insured
Yes
Check Deposit
Yes
Pay Bills
Yes
Sub Accounts
Yes
Cash Advance
No
Minimum Balance
No
Cash Deposit
Yes
Multiple Currency Accounts
No
Total Rating -
4.5/5